BURLINGTON, Mass.--(BUSINESS WIRE)-- HealthEdge®, provider of the only modern, enterprise-class software platform for healthcare payors, today announced the availability of CareAdmin – a revolutionary software product that seamlessly bridges the gap between core administrative capabilities and care management. This new offering will allow payors to simultaneously leverage the power of the patented, award-winning HealthRules® platform, and the industry-leading Click4Care care management platform.

“This product partnership makes real the promise of an integrated clinical and administrative platform that includes the ability to produce sophisticated, member-centric analytics from an integrated data warehouse,” said Ray Desrochers, HealthEdge’s COO. “With CareAdmin, payors are able to leverage, for the first time, a number of industry-changing capabilities that are only possible when using both HealthRules and Click4Care together.”

“Organizations using this new offering,” Desrochers continued, “will have the ability to differentiate themselves from their competitors by providing an exciting array of options related to dynamic benefits, pay-for-performance, consumer-based healthcare and value-based healthcare. They will also be ready to play a major role in many of the new healthcare initiatives that are currently taking shape, including those tied to healthcare reform and the emerging Accountable Care Organizations. We believe that tomorrow’s payors will require this capability in order to successfully compete in the rapidly evolving 21st century healthcare marketplace.”

“Dynamically monitoring and managing both clinical and administrative functions in concert is essential if payors and providers are going to maintain profitability and maximize patient engagement in the newly evolving healthcare ecosystem. No other products in the market offer both ease of use and integration of these functions within a modernized technical architecture,” said Dr. Albert Waxman, Senior Managing Member at Psilos Group and HealthEdge Chairman of the Board. “This will not work by just throwing together old technologies in a pretty new wrapper. Core functionality has to be designed from the start with an eye towards the ability to customize operations and products for plans, personalize benefit design for members and rapidly iterate both as the marketplace evolves. That is precisely what HealthEdge and Click4Care have accomplished.”

HealthEdge is a privately owned software company based in Burlington, Mass. Its lead investor, New York-based Psilos Group, is a healthcare investment firm focused on providing venture and growth capital to innovative companies operating in the healthcare economy.

About HealthEdge

HealthEdge provides the only modern, enterprise-class software platform for healthcare payors. Using the patented, award-winning HealthRules software suite, health plans, health insurance companies and other payors can finally respond to new business opportunities and market changes in hours, not months or years, while drastically reducing both IT and operational costs. Leveraging an investment of over $150 million, HealthRules is the most modern, scalable and cost-effective technology in the industry. HealthEdge is the only choice for payors to survive and thrive in the emerging healthcare economy. For more information, visit www.healthedge.com.

About Click4Care

Click4Care is an award-winning software company providing its care management platform to address demand for high quality healthcare at reduced overall cost. In today’s healthcare ecosystem, the winners will be those companies that adapt to change with innovative programs. Click4Care delivers a software platform that promotes a 360 degree view – ensuring that everyone in the care equation receives the information they need, when they need it, and on the communication medium they prefer – to optimize care and wellness. Streamlined workflows and improved operational efficiencies drive unprecedented return-on-investment for care managers; and, combined with predictive modeling, the solution provides life-improving care to members. Some of the world’s most progressive health plans, health insurers and third-party administrators rely on Click4Care for a more intelligent approach to care management. For more information, visit www.click4care.com.